Arrowstreet Capital Limited Partnership Boosts Stake in Materialise NV (NASDAQ:MTLS)

Arrowstreet Capital Limited Partnership increased its holdings in shares of Materialise NV (NASDAQ:MTLS - Free Report) by 93.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 348,577 shares of the software maker's stock after purchasing an additional 168,850 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.59% of Materialise worth $2,454,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of Materialise by 45.3% in the 3rd quarter. Barclays PLC now owns 7,933 shares of the software maker's stock valued at $43,000 after acquiring an additional 2,473 shares in the last quarter. LPL Financial LLC boosted its position in shares of Materialise by 9.3% during the 4th quarter. LPL Financial LLC now owns 32,393 shares of the software maker's stock worth $228,000 after purchasing an additional 2,750 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Materialise by 73.3% in the 4th quarter. GAMMA Investing LLC now owns 9,165 shares of the software maker's stock valued at $65,000 after buying an additional 3,875 shares during the period. Truist Financial Corp bought a new stake in Materialise in the 4th quarter valued at about $79,000. Finally, Commonwealth Equity Services LLC bought a new position in Materialise in the fourth quarter worth approximately $85,000. 19.30% of the stock is currently owned by institutional investors.

Materialise Stock Up 1.1 %

Shares of Materialise stock traded up $0.05 during trading hours on Tuesday, reaching $4.52. The company's stock had a trading volume of 38,848 shares, compared to its average volume of 174,974. The company has a market capitalization of $267.00 million, a P/E ratio of 18.08 and a beta of 1.58. The stock's fifty day simple moving average is $5.82 and its two-hundred day simple moving average is $6.57. Materialise NV has a one year low of $3.93 and a one year high of $9.69. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.65 and a current ratio of 1.81.

Materialise (NASDAQ:MTLS - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The software maker reported $0.05 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.05. The business had revenue of $68.24 million during the quarter, compared to the consensus estimate of $71.66 million. Materialise had a return on equity of 5.47% and a net margin of 5.04%. On average, research analysts forecast that Materialise NV will post 0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Materialise from a "buy" rating to a "hold" rating in a report on Friday, February 28th.

Materialise Company Profile

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.